smasterson2
Seaman
- Joined
- Jul 27, 2016
- Messages
- 54
I am thinking about buying 6hp outboards in bulk without the powerhead and converting them to electric and sell them. Do I need certification and/or a title?
You need to check with the states in which you intend to sell them. And then I hope you form a business (LLC or similar) or else have a healthy liability policy. The minute you enter the retail business you then have business issues to handle with the government (both state and federal). Think this through carefully!
Some Trolling Motors are near that strong. Are you talking about a kicker type motor or what? And like Silvertip stated, you really need to contact a small business consultant in your area to see what it takes to do what you want and also cover yourself with quality insurance as well. Because as sure as the sun rises in the East, somebody will want make themselves a fortune on your product if they get injured. I know that sounds sad, but the world is not how it use to be and folks are looking for their pot of gold however they can these days. :facepalm:
Where do you plan to buy 6hp outboards w/out powerheads? In bulk? Overseas?
Torqeedo is already doing this. Will you be able to keep up with their engineering, design and marketing? Will you be able to manufacture under their price point? Most importantly, what is the investment in parts and labor? Will you be able to make a profit? If so, how many units will you be able to sell over a given time period?
At the risk of being brutally honest, I would expect that you stand a very good chance to lose money. If not, you stand the chance to make 10's of dollars.
smasterson2, I think its a great idea. Renewable power supply will be huge, especially on the water. I can see in the not to distant future the EPA's of the world regulating all new boats be electric or at least zero emissions..
Don't forget that the batteries don't last forever. What do you do with them after they are dead? Even the manufacturing of them is not the cleanest.Electricity isn't REALLY renewable. Approximately 13.2% of electricity generated comes from renewable sources:
Coal: 38.8%
Natural Gas: 27.4%
Nuclear: 19.5%
Renewables: 13.2%
Other: 1.2% (Not exactly sure what falls into this category)
I seriously doubt Torqeedo is jacking up profits by 1,000%. i'm sure they would love to be competitive price-wise with Dino-motors. Much like the electric car business with the $35,000 equivalent of a Honda civic. But I'm sure, in a garage, in someone's spare time they could show a multi-million dollar corporation with a complete staff of engineers with PHd's in engineering how to do it cheaper and better.
smasterson2, I think its a great idea. Renewable power supply will be huge, especially on the water. I can see in the not to distant future the EPA's of the world regulating all new boats be electric or at least zero emissions..
Torqeedo is already doing this. Will you be able to keep up with their engineering, design and marketing? Will you be able to manufacture under their price point? Most importantly, what is the investment in parts and labor? Will you be able to make a profit? If so, how many units will you be able to sell over a given time period?
At the risk of being brutally honest, I would expect that you stand a very good chance to lose money. If not, you stand the chance to make 10's of dollars.
From what I can gather, the Tesla battery pack of that size will cost roughly the same as the 5hp torqueedo as an entire package... Not much room to make money in there!
The goal was to produce a 4 HP electric outboard at the same price as a petrol outboard.Electricity isn't REALLY renewable. Approximately 13.2% of electricity generated comes from renewable sources:
Coal: 38.8%
Natural Gas: 27.4%
Nuclear: 19.5%
Renewables: 13.2%
Other: 1.2% (Not exactly sure what falls into this category)
I seriously doubt Torqeedo is jacking up profits by 1,000%. i'm sure they would love to be competitive price-wise with Dino-motors. Much like the electric car business with the $35,000 equivalent of a Honda civic. But I'm sure, in a garage, in someone's spare time they could show a multi-million dollar corporation with a complete staff of engineers with PHd's in engineering how to do it cheaper and better.
I am going after Torqeedo's Cruise 4.0 Motor
Torqeedo Cruise 4.0 Motor My 6 HP Motor
Power: 4.0KW Power: 4.8KW
Price: $4,298 Price: $2,030
Torqeedo Lithium Battery Pack My Lithium Battery Pack
Voltage: 25.9 Voltage: 54
Capacity: 2.685kWh Capacity: 3.200 kWh
Weight: 53.6 Pounds Weight 52.2 Pounds
Price: $2,599 Price: $1,560
Torqeedo Charger My Charger
Power: 10 Amp 15 Amp
Price: $599 Price: $430
Total cost: $7,496 Total cost: $4,020
My retail prices represent a profit margin of 50% profit at minimum.